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U.S.'s Mnuchin offers $1.6 trillion in stimulus: Bloomberg News - Metro US

U.S.’s Mnuchin offers $1.6 trillion in stimulus: Bloomberg News

Senate's Committee on Banking, Housing, and Urban Affairs hearing

(Reuters) – U. S. Treasury Secretary Steven Mnuchin made on Wednesday a counteroffer of about $1.6 trillion in stimulus measures to Nancy Pelosi, the speaker of the House of Representatives, a Bloomberg reporter said on Twitter.

“Mnuchin has offered $1.6 trillion in stimulus with offsets taking it lower,” the reporter said.

Earlier, Mnuchin said the Trump administration would not accept Democrats’ proposal for a $2.2-trillion coronavirus aid package, and indicated he wanted a deal closer to $1.5 trillion.

(Reporting by Aishwarya Nair in Bengaluru; Editing by Clarence Fernandez)

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